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UAE CALLS FOR ENHANCED TRADE

COOPERATION AT BRICS MEETING

News Home More from Business News Friday, 26 July 2024 21:31

By ARN News Staff

Supplied
At the 14th BRICS Trade Ministers Meeting in Moscow, the UAE reiterated its call for stronger cooperation
among member nations.

This marks the UAE's first participation in the meeting since joining the group in August 2023.

Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, along with other ministers, signed a Joint
Communique emphasising the commitment to enhance cooperation in key areas such as the multilateral trading
system, agricultural trade and special economic zones.

They also highlighted the importance of fostering e-commerce, supporting small and medium enterprises through
technology, and promoting investment in global value chains.

The meeting saw representatives from Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE

discuss the integration of digital technologies in global trade, including e-certification and electronic bills of lading.

They also agreed to set up an informal consultative framework to advance global dialogue on WTO issues and tackle
global trade challenges collectively.

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